BTC/USDT Short term bottom? Let's look at the heatmap🔎
One thing I like of Bitcoin/s chart at the moment is that it has been ranging for a few months already price did not have a huge sell off either a good pump seems like this area is a strong support where bulls are interested. We can confirm that by looking at the heatmap we have several clusters holding the price. The second thing I like is the global trendline that has created and how it tested it several times, it has formed a nice descending wedge. If price breakout above I think we could look for higher resistance areas. I do not think this is the end of the bear market but I think it could be a nice buy area to profit from longs across the board.
✅As promised I will now include the heat map in some of my analysis!
💬Comment below your thoughts and questions! Give us a boost and share with your friends if you find our analysis useful, that would be of great
support!
✅As promised I will now include the heat map in some of my analysis!
💬Comment below your thoughts and questions! Give us a boost and share with your friends if you find our analysis useful, that would be of great
support!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.